Spellmakers: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Spellmakers
Largest movements
- Cash +€2,533
up €2,533 (+169.9%), from €1,491 to €4,024
mainly Net result for the year (+€1,504) and Stocks and contracts (+€1,111)
- Receivables within one year +€2,065
new in 2025: €2,065
of which Trade receivables: +€2,061
- Stocks and contracts -€1,111
down €1,111 (-17.3%), from €6,441 to €5,330
- Formation expenses -€277
no longer reported in 2025 (was €277)
- Profit (loss) carried forward +€1,504
up €1,504, from -€44 to €1,460
- Trade debts +€847
new in 2025: €847
- Tax, wage and social debts +€820
up €820 (+885.2%), from €93 to €912
- Gross operating margin +€1,701
up €1,701 (+135.2%), from €1,258 to €2,958
- Taxes +€547
new in 2025: €547
- Financial charges +€33
up €33 (+62.0%), from €53 to €87
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,209 | €11,419 | +€3,211 | +39.1% |
| Formation expenses | 20 | €277 | - | -€277 | |
| Current assets | 29/58 | €7,932 | €11,419 | +€3,487 | +44.0% |
| Stocks and contracts in progress | 3 | €6,441 | €5,330 | -€1,111 | -17.3% |
| Stocks | 30/36 | €6,441 | €5,330 | -€1,111 | -17.3% |
| Amounts receivable within one year | 40/41 | - | €2,065 | +€2,065 | |
| Trade receivables | 40 | - | €2,061 | +€2,061 | |
| Other amounts receivable | 41 | - | €4 | +€4 | |
| Cash at bank and in hand | 54/58 | €1,491 | €4,024 | +€2,533 | +169.9% |
| Total equity and liabilities | 10/49 | €8,209 | €11,419 | +€3,211 | +39.1% |
| Equity | 10/15 | €1,556 | €3,060 | +€1,504 | +96.7% |
| Contributions | 10/11 | €1,600 | €1,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44 | €1,460 | +€1,504 | |
| Amounts payable | 17/49 | €6,653 | €8,359 | +€1,707 | +25.7% |
| Amounts payable within one year | 42/48 | €6,653 | €8,359 | +€1,707 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €6,560 | €6,600 | +€40 | +0.6% |
| Trade debts | 44 | - | €847 | +€847 | |
| Suppliers | 440/4 | - | €847 | +€847 | |
| Taxes, remuneration and social security | 45 | €93 | €912 | +€820 | +885.2% |
| Taxes | 450/3 | €93 | €912 | +€820 | +885.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €277 | €277 | -€0 | 0.0% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €1,258 | €2,958 | +€1,701 | +135.2% |
| Operating profit (loss) | 9901 | €453 | €2,138 | +€1,685 | +371.8% |
| Financial charges | 65/66B | €53 | €87 | +€33 | +62.0% |
| Recurring financial charges | 65 | €53 | €87 | +€33 | +62.0% |
| Profit (loss) for the period before taxes | 9903 | €400 | €2,051 | +€1,652 | +413.2% |
| Income taxes | 67/77 | - | €547 | +€547 | |
| Profit (loss) for the period | 9904 | €400 | €1,504 | +€1,104 | +276.3% |
| Profit (loss) for the period to be appropriated | 9905 | €400 | €1,504 | +€1,104 | +276.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.